Category: Plans
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Czech Billionaire Plans £400m Overhaul for Royal Mail, Sparking Job Concerns
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Daniel Kretinski, the Czech billionaire preparing to take over Royal Mail, has unveiled a transformative vision for the company, which includes a £400m investment to create a network of drop boxes and delivery lockers across the UK. The move could significantly impact tens of thousands of postal delivery jobs and…
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Elon Musk plans xAI supercomputer, The Information reports By Reuters
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(Reuters) – U.S. entrepreneur Elon Musk recently told investors that his artificial intelligence startup xAI plans to build a supercomputer to run the next version of its chatbot Grok, The Information newspaper reported on Saturday, citing an investor presentation. Musk said he wants the proposed supercomputer up and running by…
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British ISA Plans in Limbo Following Sunak’s Election Call
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The government’s major initiatives to reform the city, including the launch of the UK ISA and the Pisces private market, are facing uncertainty following Prime Minister Rishi Sunak’s decision to hold a snap election in July. Over the past two years, ministers have sought major changes to city policy, but…
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UK Government Plans Training ‘Bootcamps’ to Address Worker Shortages Amid Immigration Cuts
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The UK government is set to introduce skills “boot camps” to train unemployed individuals for jobs in sectors such as hospitality, social care and logistics. The initiative, announced by Mel Stride, Secretary for Work and Pensions, aims to address the potential shortage of workers resulting from the crackdown on migrant…
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Galaxy Digital’s Thorn says SEC could label staked ETH as security in ETF plans
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Galaxy Digital’s Alex Thorn suggests that the SEC may classify pledged Ethereum as a security in an attempt to find a loop for spot ETF approval. The US Securities and Exchange Commission (SEC) may be taking a surprising turn when it comes to approving exchange-traded funds (ETFs), according to Galaxy…
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Galaxy Digital’s Thorn says SEC could label staked ETH as security in ETF plans
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Galaxy Digital’s Alex Thorn suggests that the SEC may classify pledged Ethereum as a security in an attempt to find a loop for spot ETF approval. The US Securities and Exchange Commission (SEC) may be taking a surprising turn when it comes to approving exchange-traded funds (ETFs), according to Galaxy…
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Jeremy Hunt Promises Further Tax Cuts and Criticises Labour’s Plans
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Chancellor of the Exchequer Jeremy Hunt has pledged further tax cuts in the autumn, stressing that the UK economy has “turned a corner”. In an attempt to clarify the differences before the next election, Hunt accused Labor of planning to raise taxes while portraying the Conservatives as committed to cutting…
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CME Group Plans To Launch Bitcoin Spot Trading, Targeting Wall Street Demand
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According to the Financial TimesThe Chicago Mercantile Exchange (CME) Group, the world’s largest futures exchange, is reportedly in discussions to introduce spot trading for Bitcoin (BTC). The move aims to capitalize on growing demand among Wall Street money managers seeking exposure to the cryptocurrency sector. The move represents an important…
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ARK, 21Shares strike staking feature from Ethereum ETF plans
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ARK Invest and 21Shares have decided to remove the cryptocurrency staking feature from their Ethereum (ETH) exchange-traded fund (ETF) proposal. Changes in Staking Plans, and the SEC’s Response The decision to remove quotas from the ETF structure follows successful discussions with the US securities regulator, which led to a move…
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Arm Holdings plans to launch AI chips in 2025, Nikkei reports By Reuters
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(Reuters) – SoftBank Group arm Holdings (NASDAQ:) plans to develop artificial intelligence chips and aims to launch the first products in 2025, Asia reported on Sunday. The report added that UK-based Arm will set up an AI chip division and aims to build a prototype by spring 2025. Mass production…
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Harvest Plans To Open Bitcoin ETF To Mainland China
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Harvest Global Investments, a Chinese fund house and one of the issuers of the first Bitcoin and Ethereum spot trading funds (ETFs) in Hong Kong, Certain It plans to open these funds to mainland Chinese investors through Hong Kong Stock Connect. This development could significantly expand the investor base and…
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Ambitious Plans To Welcome Layer-3 Protocols, Redefining The Future Of Ethereum Scaling Solutions
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optimism It charts a bold path with its plans to introduce Layer 3 protocols, setting a new standard for Ethereum scaling solutions. By incorporating Optimism Sequencer and embracing modular blockchains, it redefines what is possible in the field of blockchain scalability. ?Welcome L3s to Superchain! L3s can join the Superchain…
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How Modi’s BJP plans to win a supermajority in India’s election By Reuters
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Written by Rupam Jain and Tora Agarwala BARPETA/THIRUVANANTHPURAM, India (Reuters) – As voting begins in India’s six-week general election, Narendra Modi’s image adorns everything from rice packets distributed to the poor to large posters in cities and towns. His Bharatiya Janata Party is counting on the Prime Minister’s popularity as…